Cyber Liability Insurance

What is Cyber Liability Insurance?

Cyber liability insurance protects companies against losses and claims arising from a security breach, network outage, service interruption or other cyber event.

Why is Cyber Liability Insurance Important?

Businesses large and small can fall victim to attacks by cyber criminals. Hacking, malware, ransomware, business email compromise or other nefarious acts cause pain and disruption to organizations like yours every day. 60% of attacks are focused on small businesses. 50% of small businesses close after a data breach.

Cyber liability insurance is just one piece of a cyber risk management program. It can reimburse you for expenses incurred during and after a data breach. Many insurers offer discounts or reduced premiums if you have implemented appropriate security controls.

What Does Cyber Liability Insurance Cover?

Cyber liability insurance can cover the damage that your business may suffer as a result of a cyber security breach, such as recovery costs, and ransomware payments. Beyond that, cyber liability insurance helps to cover damage impacting your customers or business partners, including things like legal fees, customer notifications and settlement costs.

How Much Does Cyber Insurance Cost?

The cost of cyber coverage can vary from business to business and across industries as well. The cost for cyber liability premiums will likely increase with the continuing rise in cybercrime. When underwriters are evaluating risks and pricing for a policy, they often consider the company’s disaster and business continuity planning, cyber awareness & training, IT risk and system security.

What Kinds of Information are at Risk From a Data Breach?

Personal Identifiable Information (PII)
Protected Health Information (PHI)
Electronic Protected Health Information (ePHI)
Company Confidential Information
Financial Information
Intellectual Property
Client Lists

Here’s What You Can Expect From an Assessment:

Understand your organizations gaps in relation to core components of the NIST CSF

Obtain immediately actionable information for how you can better secure your organization.

Learn how you can improve your organizations overall cybersecurity posture

Download a Cyber Liability Readiness Checklist

Questions about cyber liability insurance?
Our experts can help.

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What Am I Supposed To Do With This Cybersecurity Insurance Questionnaire?

Frequently Asked Questions

Does Kyber Security sell cyber liability insurance directly?

No. Kyber Security is a Managed IT and cybersecurity provider, not an insurance broker or carrier — this page explains what cyber liability insurance covers and how it fits alongside the technical controls Kyber implements, not a policy Kyber sells.

What's the difference between cyber liability insurance and Kyber's managed IT services?

Cyber liability insurance is financial protection after a breach occurs — covering recovery costs, ransomware payments, and related losses. Managed IT and MDR/SOC monitoring are the technical controls that reduce the likelihood of a breach happening in the first place and that insurers increasingly require before they’ll issue or renew a policy.

Does having managed IT with Kyber help me qualify for or lower my cyber insurance premium?

Often, yes. Insurers now require documented proof of specific controls — MFA, EDR, tested backups, a written incident response plan — before binding or renewing coverage. See our detailed breakdown of how managed IT helps you qualify for cyber insurance for the full list of controls underwriters check.

What does cyber liability insurance typically not cover, and how does managed IT close that gap?

Insurance doesn’t prevent a breach, restore your reputation with clients, or recover data that wasn’t backed up correctly in the first place — it pays for costs after the fact, often with sublimits and exclusions tied to whether specific controls were actually in place. Managed IT and MDR/SOC monitoring close the prevention and detection gap that insurance alone can’t cover.